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    Property profile & analytics
    OFF-MARKET Estimated value $1,155,000
    Office buildings

    1353 Boston Post Rd, Madison, CT 06443-3445

    10,871 SF 0.58 ac lot Built 1978
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US15-0884598
    Property summary
    AI-generated overview

    This exceptional two-story, 11,800-square-foot office building, situated on a 0.58-acre lot in Madison, CT's Hammonasset Gateway neighborhood, presents a unique investment opportunity. The property, built in 1978 and renovated in 2018, offers flexible space ideal for medical, creative, or biotech/lab uses. Currently, there are two suites available, ranging from 1,000 to 6,760 square feet of vacant space. The first floor boasts renovated medical suites featuring exam rooms, offices, and ample waiting areas. The second floor provides a blank canvas for creative office space, flex space, or community areas. The building features 48 parking spaces and is conveniently located near I-95, Hammonasset State Park, and Salt Meadow Park. The property is zoned C and benefits from a 9-foot ceiling height. While there are no elevators currently, a full-floor lease allows for potential elevator installation and complete tenant build-out. The property's location offers easy access to major transportation routes and local amenities. Taxes are $27,035 per square foot. The building's power supply is 110 volts/100 amps/1 phase. This property is classified as Class B.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1978
    Construction STEEL FRAME
    Total area 10,871 SF
    Lot 0.58 ac (25,265 SF)
    Zoning code C
    APN MADI M:31 B:37
    UPID US15-0884598
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Richard Frink Physician Medical Clinic
    • Dr. Mark D. Lorenze, MD Physician Medical Clinic
    • Elin Christensen Physician
    • Gregor Koobatian Physician
    • Ryan O'connor Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.23M
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    Perpetuity Re LLC · 4 yrs held
    Perpetuity Re LLC
    since 2022
    5 recorded transactions
    2022
    2008
    2007
    $262,000
    2007
    $785,000
    2007
    $785,000
    Zoning & alternative use
    C · Madison, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.6M +18.7%
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